Market-Linked CDs

###DISCLAIMER:2_0 Market-Linked CDs - Long Table### IMPORTANT
UnionBanc Investment Services LLC (“UBIS”), a registered broker-dealer, investment adviser, member FINRA/SIPC and subsidiary of MUFG Union Bank, N.A., sells Market-Linked Certificates of Deposit (“MLCD”) which are deposit products issued and managed by banking entities (“Offering Banks”) selected by UBIS. MLCDs are NOT insured, backed, or guaranteed by SIPC or UBIS.

UBIS offers the MLCDs pursuant to disclosure documents provided by each Offering Bank , which contain important information about the risks and features of the Offering Bank’s MLCDs. Prior to any decision to purchase, investors should carefully read the disclosure documents and any applicable disclosure supplements for the specific MLCD they are interested in purchasing.

Suitability & Risks:  MLCDs may not be suitable for all investors. Investors should invest in MLCDs only after carefully considering, together with their financial, legal and tax advisors, the suitability of an investment in light of their specific financial circumstances. • MLCDs involve significant risks, including risks not typically associated with fixed-rate or floating-rate certificates of deposit or debt instruments such as liquidity and market risks. The payment at maturity may yield a return that is less than that of a traditional certificate of deposit or debt instrument of a comparable maturity.

Foreign Currencies:  MLCDs may be linked to one or more foreign currencies. Such foreign currency linked MLCDs may be affected by many complex factors, including government policies/interventions and actions of central banks and may be highly volatile and unpredictable.

FDIC Insurance:  Only the MLCD principal is insured up to the applicable FDIC limit per Offering Bank account holder; FDIC insurance does not extend to potential returns that are not realized. MLCD investments exceeding the applicable FDIC limit are subject to the credit risk of the Offering Bank. It is the investor’s responsibility to make sure that all deposits held with the Offering Bank are considered when reviewing for FDIC coverage. • MLCDs may be in the form of a master certificate held by the Depository Trust Company. Each MLCD constitutes a direct deposit obligation of the Offering Bank.

Call Provisions & Early Redemptions:  MLCDs may have provisions that allow the Offering Bank to call the MLCD prior to maturity, which could result in a lower return on the MLCD. • Early redemptions may not be allowed. • Investing in MLCDs could result in a significant loss of principal if sold or redeemed in whole or in part, if allowed, prior to maturity. Any losses incurred due to the sale or early redemption, if allowed, prior to maturity are not FDIC insured. In order to receive repayment of the full deposit amount of an MLCD, subject to Offering Bank’s creditworthiness, investors must hold the investment to maturity.

Tax Issues:  In taxable accounts, for an MLCD where no interest is paid until maturity, interest is imputed annually and taxed as ordinary income based on an estimated yield for the MLCD. The ordinary income tax rate may be a higher rate than the lower capital gains rate normally paid by investors on longer term investments. This annual imputed interest raises the investor’s cost basis, reducing tax consequences at maturity. Investors should consult their tax advisor for information relating to their individual tax situation.

Cap on Returns:  MLCDs may be subject to a cap on returns. Returns may be subject to a cap either on a quarterly basis and/or on the overall return potential at maturity. As a result, there is no assurance of gains due to increases in the underlying market measure and any gains may be substantially less than the increase in the underlying market measure, particularly in the case of early redemptions.

Fees & Costs:  MLCDs may include certain fees and costs (including placement fees, structuring and development costs and hedging costs) in the determination of the issue price which will likely have an adverse effect on the price at which the MLCD can be redeemed or sold (if at all) by investors. Fees received by UBIS will be 1 - 3.50% of the principal amount of each MLCD that an investor may purchase, such fee is in addition to any costs or fees specified in each Offering Bank’s disclosure document.

IRS 230 Disclosure:  UBIS and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with UBIS of any of the matters addressed herein or for the purpose of avoiding U.S. tax related penalties.

Although an MLCD is a deposit product, UBIS also offers non-deposit investment products. Such products: • Are NOT insured by the FDIC or by any other federal government agency • Are NOT Bank deposits or obligations of, or guaranteed by, the Bank or any Bank Affiliate • Are subject to investment risks, including possible loss of the principal amount invested